Plan Snapshot
- Plan Sponsor: Alvogen Group, INC.
- Sponsor EIN: 260557685
- Sponsor Address: 6826 STATE HIGHWAY 12, NORWICH, NY, 13815
- Plan Type: 401(k)
- Total Participants: 576
- Total Assets: $105.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 576 | $105.6M | $3.9M | $6.4M |
| 2023 | 562 | $90.2M | $3.8M | $6.0M |
| 2022 | 550 | $74.1M | $3.7M | $5.8M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| NFP | INVESTMENT ADVISOR | $30,000 | — | $30,000 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $16,134 | — | $16,134 |
| DERMODY, BURKE & BROWN, CPA'S , LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NFP — INVESTMENT ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $46,134
- Estimated Expense Ratio: 0.044% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $46,134 | — | — | — | — |
| 2023 | -$61,643 | — | — | $16,700 | — |
| 2022 | -$58,004 | — | — | — | — |